Confluence Investment Management LLC Decreases Stock Holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Confluence Investment Management LLC reduced its position in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,398 shares of the company’s stock after selling 6,425 shares during the period. Confluence Investment Management LLC’s holdings in American Outdoor Brands were worth $2,917,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AOUT. JPMorgan Chase & Co. raised its position in American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after purchasing an additional 777 shares during the last quarter. Barclays PLC purchased a new position in shares of American Outdoor Brands during the third quarter valued at approximately $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Outdoor Brands during the third quarter valued at approximately $114,000. Sanctuary Advisors LLC bought a new position in shares of American Outdoor Brands during the second quarter valued at approximately $259,000. Finally, State Street Corp lifted its stake in American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after acquiring an additional 1,700 shares during the period. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

American Outdoor Brands Stock Down 1.4 %

AOUT opened at $15.03 on Friday. The stock has a market cap of $191.84 million, a PE ratio of -25.47 and a beta of 0.44. The business has a 50 day moving average of $11.48 and a 200-day moving average of $9.80. American Outdoor Brands, Inc. has a 52 week low of $7.45 and a 52 week high of $15.99.

Analyst Ratings Changes

A number of brokerages have issued reports on AOUT. Lake Street Capital boosted their price objective on shares of American Outdoor Brands from $11.50 to $14.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Roth Mkm increased their price target on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, September 16th.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.